News

A new report on the National Living Wage (NLW) has revealed 44 Scottish businesses did not pay the correct minimum wage, risking fines of up to 200% of the defaulted amount. Published by the UK government, the report shows one Scottish business had nearly £187,000 of unpaid wages and collectiv

With the UK’s most significant inheritance tax (IHT) reforms in nearly two decades set to roll out from April 2025, legal professionals must prepare for an influx of estate planning enquiries, according to a new YouGov survey commissioned by Brodies LLP. The survey of 2,001 UK adults aged 50+

ACCA (the Association of Chartered Certified Accountants) has announced a redesign of its gold standard ACCA Qualification focused on a redefinition of accountancy which is expanding and reshaping the role of the profession. The redesign reflects the increasing role of accountants in driving the wid

The University of Dundee is set to receive up to £40 million in principle from the Scottish Government to aid its financial recovery, bringing the total additional funding made available up to £62m.

First-time buyers, the self-employed and people borrowing into retirement could benefit from further possible changes to mortgage rules.

An island off the west coast of Scotland, complete with a ruined 20th century castle, is on the market for £5.5 million.

Joint administrators Ian Wright and Craig Morrison of Quantuma have confirmed that the sale of Dumbarton Football Club to Canadian businessman Mario Lapointe has been finalised.

Aberdeen-headquartered Roemex, a global specialist in chemical solutions for the energy sector, has completed a management buyout (MBO) that secures its future and paves the way for continued growth. The deal, for an undisclosed sum, marks a significant milestone in the company's 40-year history.

The majority of Scottish firms believe AI adoption will be a key growth driver in the country’s economy, according to Bank of Scotland’s Business Barometer, as many report AI-related increases in productivity and profitability. More than half (52%) of Scotland’s businesses believe

Smaller firms in Scotland saw increased levels of equity investment in 2024 as London became less dominant and the wider UK saw a collective decline, according to new research from the British Business Bank. The bank’s annual Small Business Equity Tracker, published today, showed that equity d

The UK government’s new Modern Industrial Strategy has been met with cautious optimism, as its key aims appear to align with the pressing needs of Scotland's manufacturing sector, according to accountancy firm MHA. Over the weekend, MHA revealed the findings of a survey that asked manufacturin

Edinburgh’s first purpose-built concert hall for 100 years is to benefit from the fortune left by the celebrated Scottish industrialist Andrew Carnegie. The philanthropic foundation Carnegie Corporation of New York has made a $1 million (c. £750,000) grant towards the “design and p

The Institute of Directors (IoD) Scotland has announced the finalists for its 2025 Director of the Year Awards. Among the 41 shortlisted entrants is Gordon Dewar, chief executive of Edinburgh Airport Ltd, Celine Sinclair, chief executive of The Yard, and Ashley Ryan, director at Enable.

Fife-based supplier of artificial flowers and home accessories, Scottish Everlastings, has been acquired by entrepreneur Edd Salter in a deal supported by a £2.3 million funding package from HSBC UK.

Chancellor Rachel Reeves should revisit abandoned proposals from the defunct Office of Tax Simplification (OTS) to simplify the UK’s complicated tax system and unlock greater yield – without further damaging business confidence or deterring investment – according to Azets. In light